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Sunday, January 28, 1973, Budget Speech

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(Huebner) RP Ninth Draft - FINAL (OK'd by JDE) January 25, 1973 Word Count: 1629 BUDGET SPEECH Good evening. At noon tomorrow, I will send to the Congress one of the most important documents I will sign as President -- my budget proposals for the coming fiscal year. This budget will not require higher taxes. It will not drive prices higher. And it will give us the chance I spoke of in my Inaugural Address to make our new era of peace a new era of progress. In the last few decades, the cost of Government has sky- rocketed. For everydollar we were spending in 1952 we are spending nearly $4 today. If the budget continues to double every 10 years, it will be over a trillion dollars by the 1990's -- or as big as our entire economy is now. We must resist this trend for several reasons. The first involves your taxes.

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